monikaem
Returning Member

Get your taxes done using TurboTax

Hi there!  I never did receive any replies.  I eventually sorted it out on my own.  If I recall correctly, the issue was that the basis of the land was the same or more than the sales price that I had broken out for the land, so it wouldn't let me "sell" it "on contract" at a loss.  Once I broke apart the land and residential portions of the sale property differently, it allowed me to proceed.  Hope that helps!  (And, I hope I'm remembering it correctly!)